Investment in the stock market is no longer
costly, complicated and time-consuming, especially for those who do not want to
take risks or have lesser understanding of the capital market.
There is now an affordable and simple way to
invest, as IDLC Investments has come up with a new product for small savers.
The product, Easy Invest, offers an individual to
deposit a minimum Tk 3,000 monthly and IDLC will do the share business in a
structured way, which reduces the risks because of costs averaging over a long
time horizon.
“This is the first of its kind in Bangladesh,”
IDLC officials said, adding that it will be launched formally at a programme in
Dhaka on Tuesday.
“We want that people who hardly understand the
capital market will deposit their small amounts with us every month and our
professional management team on behalf of the customers will manage the
accounts,” said Arif Khan, managing director of IDLC Finance, the parent
company of IDLC Investments.
Easy Invest is a discretionary portfolio
management product that will build a portfolio over time, with small
investments at regular intervals.
As a fund manager, IDLC will follow a disciplined
and structured investment process, and reduce the risk of market volatility.
“Such kinds of products are very popular in
India, where they term it systematic investment plan,” Khan said.
The tenures of the product are three years, five
years and 10 years.
With the monthly investment plan an individual
will get rebate on income tax and tax exemption on capital gain.
Easy Invest is also offering 'accidental death'
and 'accidental insurance' coverage of up to Tk 1 lakh per year. An 'auto
debit' instruction facility eliminates the need for physical submission of
cheques or cash.
IDLC Finance has been in Bangladesh for the last
30 years, with a strong presence in the capital market for more than 17 years.
IDLC Investments, completely owned by IDLC
Finance, is a premier brand for investment banking in Bangladesh. It has been
offering discretionary portfolio management services to its clients for the
last nine years with a strong track record.
The daily star
August 07, 2016
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